As a results of the tough quarter, Rite Aid lowered its fiscal 2024 outlook and warned traders it expects to lose between $650 million and $680 million for the total 12 months, which is slated to finish in late February. The beleaguered drugstore chain has been grappling with slowing sales, mounting debt and a slew of lawsuits that allege the corporate helped fuel the nation’s opioid epidemic by oversupplying painkillers. Rite Aid additionally mentioned lenders agreed to increase $3.forty five billion in new funding to “provide sufficient liquidity” because it embarks on its restructuring plan. Drugstore chain Rite Aid filed for Chapter 11 bankruptcy safety in New Jersey. San Diego Police Chief David Nisleit told local media this month that SB 357’s repercussions with crime had been “all predictable.” “The criminals who were taken down as part of this operation abused and exploited girls for their own enrichment,” Gloria stated …